Florida United States Franchise Sales

Though franchises can be bought directly from a parent company, using a business brokerage can help buyers get a better deal. Franchise sales agreements are notoriously complex and biased in favor of the parent company. This is due to the fact that parent companies often have teams of lawyers working on their behalf, and they are the ones with the commodity to sell. To get the best possible deal, buyers need an experienced team of professional brokers advocating on their behalf, as well.

Using a Business Brokerage to Negotiate an Agreement

In the United States, the Federal Trade Commission (FTC) requires franchises to provide buyers with a Uniform Franchise Offering Circular (UFOC) that discloses all the pertinent information about the company. This is meant to protect buyers from false claims from the parent company. In Florida, registration with the state is also required. This, however, is where the buyer protections typically end.

A business brokerage can provide additional protection for a buyer in the form of experience and knowledge. Business brokers can help find questionable provisions within the agreement's legalese and suggest alternatives that are favorable to the buyer. An experienced franchise attorney should also go over a sales agreement to protect the buyer prior to finalization.

RPI Commercial is a business brokerage with extensive experience representing buyers in franchise deals. RPI can help prospective owners find favorable opportunities. Reach RPI toll free at 1-877-549-5210 or via email at info@rpicommercial.com.